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Real Estate/Development

Feb. 2, 2000

Split decision

Siebel Systems Inc. may be a big deal at the moment, but when Cupertino-based Sobrato Development Cos. went into the market to finance the software firm's new headquarters campus, it had not yet earned its first dollar, according to John C. Shenk, president of Argus Financial in San Mateo.

Siebel Systems Inc. may be a big deal at the moment, but when Cupertino-based Sobrato Development Cos. went into the market to finance the software firm's new headquarters campus, it had not yet earned its first dollar, according to John C. Shenk, president of Argus Financial in San Mateo.
Sobrato needed $92 million for the three-building, 450,489-square-foot complex in San Mateo's Bridgepointe development, but according to Shenk, who handled the transaction for Sobrato, on...

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